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Regulatory News

A January 2 bulletin provides an update on the Terrorism Risk Insurance Act (TRIA). www.aldoi.gov/

The insurance department has a new pamphlet discussing how to shop for individual and group health insurance policies. Copies are available on the department’s Web site.

Less than two months after Southern California wildfires, Insurance Commissioner Steve Poizner convenes a summit bringing CEOs and top executives of leading insurance companies together to announce voluntary claims handling reforms to expedite recovery for wildfire survivors. www.insurance.ca.gov/

A rate summary has been posted on the Division of Insurance’s Web site since Jan. 1. Filings submitted on or after Jan. 1, 2008, will show up on the site.www.dora.state.co.us/insurance/what/what.htm

The Office of Insurance Regulation has released to the state legislature its annual report on the state of the market for workers comp insurance. The report analyzes the availability and affordability of workers comp for calendar year 2006. It says Florida is the largest market dominated by private market insurers. >> The Office has approved an overall rate reduction of 18.4%, marking the fifth consecutive year of rate cuts. That is a cumulative decrease of 51.4% since 2003.www.floir.com/PressReleases/index.asp

CB #2007-04 explains new and amended ancillary provider reimbursement guidelines. www.idfpr.com/DOI/cb/CB2007-02.pdf

The insurance department is considering new rules governing pharmacy benefit managers. >> Commissioner Susan Voss elected secretary-treasurer of the NAIC. www.iid.state.ia.us/news_media/whatsnew.asp

Commissioner Sandy Praeger is the new NAIC president. www.ksinsurance.org

The state’s Legislative Audit Advisory Council is seeking records relative to the Louisiana Citizens Property Insurance Corp., the Property Insurance Association of Louisiana, and the Louisiana Automobile Insurance Plan from the insurance department. The department has no objection to the inquiry, but attorneys for the department are seeking a declaratory judgment and an expedited hearing on a subpoena filed by The Council that seeks all insurance department’s 289 employees’ e-mails beginning Oct. 1, 2003. The department says most employees had nothing to do with the insurance entities. www.ldi.la.gov/

Gov. John Baldacci has nominated Mila Kofman to be the state’s top insurance regulator. If confirmed, Kofman would succeed Alessandro Iuppa, who stepped down to work in the Washington office of Zurich North America. Kofman would fulfill Iuppa’s unexpired 5-year term until April 2009. Kofman is associate research professor at the Georgetown University Health Policy Institute. She has been a consumer representative at the NAIC since 2002. www.maine.gov/pfr/insurance/

Michael Chaney is the new commissioner of insurance and state fire marshal. He takes over the office from George Dale who served for 32 years. www.doi.state.ms.us/

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